On July 20th, CFMOTO inaugurated its first factory in Mexico in the Vynmsa Industrial Park in Apodaca, Nuevo León (northeast of Mexico). It marks a milestone for CFMOTO’s exploration in the North American market.
More than 100 guests, including government officials from Mexico, media representatives, experts, suppliers, and partners, attended the opening ceremony and witnessed the first UTV rolling off the production lines. They were impressed by the innovative, efficient, and advanced manufacturing facilities and CFMOTO’s research and development capability.
Evan Zhang, the general manager of CFMOTO Mexico, briefly introduced the factory. Started in March 2022 and completed in July 2023, the CFMOTO Mexican factory has a total area of 75,000 square meters with a total investment of 46 million USD. It includes two plants with an area of 37,000 square meters, covering welding, painting, and assembling. The annual capacity of the CFMOTO Mexico factory is 100,000 units, from UTV production to more models in the next few years. The factory has created more than 500 jobs in Apodaca.
Iván Rivas, Secretary of Economy of the Government of Nuevo León; César Garza Villarreal, Mayor of Apodaca; Maggie Alcantara, Director General for Global Investment at MoFA Mexico; and Minjie Lai, CEO of CFMOTO, attended the ceremony and delivered speeches. Jesús Seade Kuri, Ambassador of Mexico to the People’s Republic of China, congratulated the launch of the CFMOTO Mexico factory via video.
Lai expressed appreciation for the support the CFMOTO Mexican factory received from the local authorities. “Mexico is a country full of passion and opportunities. The hospitality from local people and its business environment impress me. Without the support of the Mexican government, our employees, and local partners, we would be unable to make this progress,” said Lai.
He also emphasized that the Mexican factory is a key to CFMOTO’s global growth strategy. “The Mexican factory represents a cornerstone of our vision to become a premium global powersports brand. The production at the factory will help CFMOTO significantly lower its cost, giving it more edge in the market competition and providing better service to our global customers. We will continue to work with local partners to explore the global market and promote a higher level of development,” said Lai.
“Since this administration began in October 2021, we have introduced 148 investment projects so far, and 27% of them correspond to the automotive industry, one of the most dynamic industries in the world. In particular, 28 of these projects belong to companies from China. Congratulations to the CFMOTO Mexican factory. I’m looking forward to more cooperation with CFMOTO in the future,” said Iván Rivas.
CFMOTO always aims to higher goals to offer better, more advanced, and more fun products to the worldwide market. The production in Mexico is a major step in CFMOTO’s global push for a world-leading powerports company. Local production could help CFMOTO cater to the burgeoning demand of the American market and build on recent momentum for the company.
About CFMOTO
Founded in 1989, ZHEJIANG CFMOTO POWER CO., LTD. CFMOTO is a world-class company specializing in the powersports industry. It has been developing, manufacturing, marketing, and delivering reliable motorcycles, off-road vehicles, engines, frames, parts, apparel, and accessories, distributed through over 3000 dealers worldwide. Regions include Europe, America, Australia, the Middle East, Asia, and Africa, with three subsidiaries in Europe, the United States, and Mexico.
CFMOTO has four global research and development, design, and innovation centers that house the knowledge and creativity of more than 800 engineers, with over 1000 patents lodged to date. That technical basis also counts on a worldwide supply chain with renowned brands such as BOSCH, Continental, Shell, KYB, and many others as long-term and enthusiastic partners.
Having originated in Hangzhou, China, CFMOTO has built a robust market share in over 100 countries and regions. Since 2018, CFMOTO has become the best-selling ATV/UTV brand with a whopping market share in Europe. In 2022, CFMOTO increased total revenue by over 33%, with 1.6 million dollars in the books. Teamed up with more than 5000 employees, CFMOTO is committed to exploring riding fun together with over 1 million users worldwide.